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Sitting Pretty With Sears - Cramer's Lightning Round (9/18/08)

by: SA Editor Joan Wickham September 18, 2008 | about stocks: AAPL / FRO / NAT / PCU / SHLD / WAG    

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Joan Wickham

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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday, September 18.

Bullish Calls:

Frontline (FRO), Nordic American Tanker (NAT) -- “None of these companies can cover their current dividends with the rates where they are. If rates come back, they are buys. Both work here but I prefer Frontline."
Southern Peru Copper (PCU) -- “I can’t understand how this copper company got all the way down here. Buy PCU on the off chance that China becomes a buyer of copper again."
Sears Holding (SHLD) -- “Sears has a rock solid balance sheet. People have been selling short more stock than there is but that ended last night. You are sitting pretty long Sears."
Walgreens (WAG) -- “Don’t give up. Buy some more. Buy, buy, buy.”
Apple (AAPL) -- “I was on record saying to sell ¾ of your position at $180 and to buy again at $150. I have conviction that Apple is going higher.”

Bearish Calls:

Regions Financial (RF) -- “I have not recommended Regions."
ING Group (ING) -- “I am not varying from my list of Fortress Banks. I have added BB&T (BBT) and Wachovia (WB)."

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This article has 3 comments:

  •  
    Sep 19 12:57 AM
    Isn't this the guy that was boosting Bear Stearns a couple of days before they went belly up?
    Reply
  •  
    Sep 19 08:04 AM
    Southern Peru Copper just lost its claim to the copper mine, in a fraudulent transfer judgment entered in the Southern District of Texas, Brownsville Division, arising out of the ASARCO bankruptcy proceeding seeking return of this asset. I am surprised that there is a buy recommendation?
    Reply
  •  
    Sep 19 08:18 AM
    It defies logic why anyone would give Cramer credence about the market. He belongs in politics with the rest of the scum.
    Reply
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